RSR Systems International532735Quarterly results

Q3 2026 results: revenue up 23.4% in INR, adjusted net profit up 53.1%, interim dividend of INR 8 per share

R Systems Q3 2026 (quarter ended September 30, 2026): revenue Rs. 6,152 mn, up 23.4% YoY in INR terms (12.5% in US$).

By ScoutQuest · Tue 3 Nov 2026, 9:38 PM IST · 3 min read

Q3 Revenue

Rs. 6,152 mn, up 23.4% YoY in INR terms (12.5% in US$)

Q3 Adj. EBITDA

Rs. 1,244 mn at a 20.2% margin, up 47.4%

Q3 Adj. Net Profit After Tax

Rs. 665 mn, up 53.1%

R Systems International Limited has published its earnings press release for the quarter and nine months ended September 30, 2026. The figures below are consolidated and are quoted as printed in the release.

Quarter at a glance

• Revenue Rs. 6,152 mn (US$ 64.4 mn), up 23.4% year-on-year in INR terms and 12.5% in US$ terms.
• Adjusted EBITDA Rs. 1,244 mn (US$ 13.0 mn), a margin of 20.2% against 16.9% in Q3 2025, a year-on-year growth of 47.4%.
• Adjusted net profit after taxes Rs. 665 mn (US$ 6.9 mn), a year-on-year growth of 53.1%.

What sits under the profit line

• Gross margin was 38.60% in Q3 2026 against 35.54% in Q3 2025; SG&A expenses were 18.37% of revenue against 18.61%.
• Employee benefits expense Rs. 3,611.03 mn, finance costs Rs. 95.81 mn, depreciation and amortisation Rs. 229.17 mn, other expenses Rs. 1,361.26 mn.
• Profit before tax Rs. 880.53 mn, tax expense Rs. 238.70 mn, and net profit for the period Rs. 641.83 mn.
• Basic earnings per share Rs. 5.42 and diluted Rs. 5.18. Adjusted basic EPS excluding RSU expense and non-recurring items net of tax was Rs. 5.61.
• The adjusted EBITDA and adjusted net profit figures exclude the cost of restricted stock units granted to employees.

Nine-month performance

• Revenue Rs. 17,917 mn (US$ 190.7 mn), up 27.7% in INR terms and 17.5% in US$ terms.
• Adjusted EBITDA Rs. 3,609 mn (US$ 38.4 mn), a margin of 20.1% against 17.2% in the same period last year, growth of 49.7%.
• Adjusted net profit after taxes Rs. 2,051 mn (US$ 21.8 mn), growth of 54.0%.
• Reported net profit for the nine months Rs. 1,851.67 mn, with basic EPS Rs. 15.63 and diluted Rs. 14.96.

Dividend

• The Board declared an interim dividend of INR 8 per share (800% of face value) in Q3 2026, which has subsequently been paid, as stated by the Chief Financial Officer.

Key deal wins mentioned

• A leading European telecommunications operator engaged R Systems to modernise mission-critical telecom services under a next-generation network transformation programme.
• A collaboration with a global management consulting firm for an enterprise-scale data lakehouse for a Middle East housing and real estate organisation.
• A leading financial services provider in Saudi Arabia engaged the company to advance its core lending platform across solution architecture, digital transformation, application development and technology modernisation.
• A strategic Salesforce engagement with a global entertainment company to transform commercial and customer-facing operations.
• Selection by a multinational insurer to modernise enterprise payment operations through a host-to-host bank connectivity solution.

Balance sheet and cash

• Cash and bank balances, net of short-term borrowing and amount set aside for dividend, were Rs. 3,487 mn as of September 30, 2026 against Rs. 2,726 mn as of December 31, 2025.
• Total equity attributable to shareholders was Rs. 10,779 mn against Rs. 10,323 mn as of December 31, 2025.
• Total assets Rs. 22,292.90 mn; total liabilities Rs. 9,589.89 mn.

Operating data

• Total headcount 5,172, against 5,270 as of June 30, 2026 and 4,716 as of September 30, 2025.
• Blended utilisation including trainees 82.16%, onsite 96.90% and offshore 79.79%.
• Revenue split by geography: Americas 70.60%, APAC 16.03%, Europe 9.41% and MEA 3.96%.
• Top 10 clients contributed 24.44% of revenue and the largest client 5.81%.
• Billed receivable days stood at 55 and billed plus unbilled at 76 as of September 30, 2026.

How a retail investor can read this

• The release reports double-digit revenue growth in both INR and US$ terms, a higher adjusted EBITDA margin than a year earlier, and higher adjusted net profit for both the quarter and the nine months.
• It also records an interim dividend already paid and a higher net cash and bank balance than at the end of December 31, 2025.
• These are the company's own reported numbers and its own description of the client engagements listed above.

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